
Cost of Living Special
Money Box
00:00
How Do You Feel About the Future Now?
Food prices over all had risen by four point three % in the last year. That's the highest rate those figures have shown for ten years. Mike watkins, their head of retail, says inflation is causing some major shifts in how people shop. People are shopping around for best prices, looking for promotions and using up things at home. And do we know how much less people are actually spending? According to nelson's latest sshoppers spent one point two % less in the four weeks to the 20 first of may than they had in the previous month. But shoppers already checking up their budget. They're holding back on certain spends. We're spending more because we're back to a normal
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